Wates Group

OverviewSuggest Edit

Wates Group is a construction, development, and property services company. Its services include facilities management, engineering, fit out and refurbishment, managed workspace, residential development, housing maintenance, and more. The company undertakes programmes and projects for government, local authorities, and the private sector across education, residential, commercial, leisure, and justice sectors.

TypePrivate
Founded1897
HQLeatherhead, GB
Websitewates.co.uk
Employee Ratings3.7

Latest Updates

Employees (est.) (Apr 2020)3,803
Revenue (FY, 2019)£1.5 B(+4%)
Cybersecurity ratingCMore

Key People/Management at Wates Group

James Wates

James Wates

Chairman
David Allen

David Allen

Chief Executive
Andrew Wates

Andrew Wates

Director
Charles Wates

Charles Wates

Director
Jonathan Wates

Jonathan Wates

Director
Timothy Wates

Timothy Wates

Director
Show more

Wates Group Office Locations

Wates Group has offices in Leatherhead, Almondsbury, Basingstoke, Birmingham and in 15 other locations
Leatherhead, GB (HQ)
Wates House, Station Approach
Almondsbury, GB
190 Aztec W
Basingstoke, GB
Basing View
Birmingham, GB
Cherry St
Cardiff, GB
Caron House Oak Tree Court Mulberry Drive Cardiff Gate Business Park
Coventry, GB
Coventry Business Park, 2300 Dolomite Ave
Show all (19)

Wates Group Financials and Metrics

Summary Metrics

Founding Date

1897
Show all financial metrics

Wates Group Revenue

Embed Graph
View revenue for all periods
Wates Group's revenue was reported to be £1.55 b in FY, 2019 which is a 3.2% increase from the previous period.
GBP

Revenue (FY, 2019)

1.5b

Revenue growth (FY, 2018 - FY, 2019), %

3.2%

Gross profit (FY, 2019)

181.1m

Gross profit margin (FY, 2019), %

11.7%

Net income (FY, 2019)

28.2m

EBIT (FY, 2019)

24.5m

Cash (31-Dec-2019)

142.2m
GBPFY, 2017FY, 2018FY, 2019

Revenue

1.5b1.5b1.5b

Revenue growth, %

(2%)3%

Cost of goods sold

1.4b1.3b1.4b

Gross profit

160.9m177.9m181.1m
GBPFY, 2017FY, 2018FY, 2019

Cash

169.5m114.2m142.2m

Accounts Receivable

94.9m96.8m

Prepaid Expenses

7.5m11.6m

Inventories

29.8m40.2m48.2m
GBPFY, 2017

Revenue/Employee

385.2k
Show all financial metrics

Wates Group Operating Metrics

FY, 2017FY, 2018FY, 2019

Construction Sites (Wates Construction)

51

Homes Built

5 k

Order Book

£5.10 b£5.40 b£5.90 b

Projects

2 k
Show all operating metrics

Wates Group Acquisitions / Subsidiaries

Company NameDateDeal Size
10 St Bride Street Limited
Brooks and Rivers Limited
G Purchase Construction Limited
GW 217 Limited
Needspace? Limited
Purchase Group Limited
Purchase Home Improvements Limited
Purchase Homes Limited
Purchase Support Limited
QED Education Environments Limited
Show more

Wates Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Wates Group Revenue Breakdown

Embed Graph

Wates Group revenue breakdown by business segment: 30.6% from Property Services, 9.5% from Residential Developments, 59.6% from Construction and 0.3% from Other

Show all human capital metrics

Wates Group Online and Social Media Presence

Embed Graph

Wates Group News and Updates

Wates to furlough a quarter of its workforce

Wates is the latest major contractor to furlough a swathe of its staff. Chief Executive David Allen confirmed today that around a quarter of the company’s 4,000 workforce will be furloughed from next week.

Wates FM awarded contract extension with Discovery Communications

Wates FM has secured a contract extension with mass media company, Discovery Communications, to provide 24/7 critical engineering cover and fabric maintenance for two locations in Chiswick, including the organisation’s live broadcast premises.

Wates to construct £73m Sandwell Aquatics Centre

Wates Construction has been named as the principal contractor for the new £73m Sandwell Aquatics Centre in Smethwick

Wates Group aims for zero carbon operations by 2025

The Wates Group, one of the largest family-owned construction, property services and development firms in the UK, has made a commitment for net zero carbon emissions from its operations by 2025.

Wates to build 140 new homes on Lowfield Green in York

The City of York Council has contracted Wates Group to build 140 new homes on Lowfield Green and local residents are invited to meet them

Contractor appointed for HMRC’s Wellington Place fit-out

A contractor has been appointed to fit out HM Revenue and Customs' (HMRC) new offices at Wellington Place in Leeds. Construction work at 7 & 8 Wellington Place is scheduled for completion by the end of 2019 and Wates Construction is now set to begin the fit-out of the 378,000 sq ft building befo…
Show more

Wates Group Frequently Asked Questions

  • When was Wates Group founded?

    Wates Group was founded in 1897.

  • Who are Wates Group key executives?

    Wates Group's key executives are James Wates, David Allen and Andrew Wates.

  • How many employees does Wates Group have?

    Wates Group has 3,803 employees.

  • What is Wates Group revenue?

    Latest Wates Group annual revenue is £1.5 b.

  • What is Wates Group revenue per employee?

    Latest Wates Group revenue per employee is £407.1 k.

  • Who are Wates Group competitors?

    Competitors of Wates Group include SOL Baltics, Integral and Morris & Spottiswood.

  • Where is Wates Group headquarters?

    Wates Group headquarters is located at Wates House, Station Approach, Leatherhead.

  • Where are Wates Group offices?

    Wates Group has offices in Leatherhead, Almondsbury, Basingstoke, Birmingham and in 15 other locations.

  • How many offices does Wates Group have?

    Wates Group has 19 offices.